AmInvest Research Reports
Stocks on Radar - Teo Seng Capital (7252)
AmInvest
Publish date: Mon, 30 Mar 2020, 09:34 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Teo Seng Capital was testing the resistance level of RM0.915 during its intraday high. With a rising RSI level, it may climb above this mark with the target prices of RM0.99 and RM1.08. In this case, the downside support is anticipated at RM0.79, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.915
Target: RM0.99, RM1.08 (time frame: 3-6 weeks)
Exit: RM0.79
Source: AmInvest Research - 30 Mar 2020
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